Bravida Reports Improved Profitability Amid Challenging Market Conditions

Building services provider Bravida reported improved profitability and stronger cash flow in the fourth quarter of 2025, covering October to December. Net sales saw a 2 percent decrease, amounting to SEK 7,913 million. However, Earnings Before Interest, Taxes, and Amortization (EBITA) increased by 6 percent to SEK 641 million, lifting the EBITA margin to 8.1 percent from 7.5 percent in the prior year period.

The company attributed the profit improvement to better margins in Denmark and Norway. Bravida has focused on careful project selection and efficient operations to navigate a difficult market characterized by price pressure. The order backlog remained stable at SEK 15,325 million, providing a foundation for future growth as market conditions improve.

Performance in Denmark showed significant earnings improvement, while Norway's margin increased due to reduced administrative expenses. The Swedish market remains challenging, though signs of some recovery are appearing. In Finland, the market situation is still difficult, but organizational adjustments have been made to adapt operations.

Cash flow from operating activities was robust, leading to a significant reduction in net debt. Bravida completed two acquisitions during the quarter, adding approximately SEK 63 million in annual sales, and continues to pursue strategic acquisitions despite market uncertainties.